2013 Compensation Best Practices Report - Payscale

I thought ECE members might find this interesting. Maybe as a conversation starter with people in the compensation department?  ~Dan

PayScale
recently released the PayScale 2013 Compensation Best Practices Report.
The report is a result of an end of year survey on the compensation practices
and trends by company size and industry. The full report will tell what's
happening in your industry, company size and the market at large.

Highlights from the report:

• A whopping 70% of small businesses—and 61% of
  large companies—expect their business performance to improve in 2013.


• Companies are planning to invest in new
  talent to help grow their business with 15% more companies planning to
  hire in 2013 than in 2012.


• The number of organizations hiring employees
  has consistently risen, with 2012 growth exceeding original expectations
  by 12%.


• In 2012, small business wage growth increased
  significantly, demonstrating the little guy is competing with large
  companies for skilled employees.


• As more companies look to hire in 2013,
  skilled labor is in demand. In the survey, 59% of respondents cited
  retention as a main concern, compared with 49% of respondents in 2012.


• Obamacare is mostly a non-issue for
  executives with 75% saying it will have little or no effect on hiring and
  staffing plans 

Check out PayScale's full 2013
Compensation Best Practices Report. Download your
complimentary copy to learn all about compensation trends. For now, if you
would like some fun and entertainment, view the infographic below with key
learnings from our survey.